Макроэкономика 1

Бакалавриат 2025/2026

Статус: Курс обязательный (Международная программа по экономике и финансам)

Кто читает: Международный институт экономики и финансов

Где читается: Международный институт экономики и финансов

Когда читается: 2-й курс, 2 семестр

Охват аудитории: для своего кампуса

Преподаватели: Матвеева Татьяна Юрьевна, Сапункова Наталия Александровна

Язык: английский

Кредиты: 5

Контактные часы: 84

Full Syllabus Ask Question

Abstract

This is a one-semester course delivered for the second-year students in Spring semester. The course is designed to expand the students’ understanding of basic concepts, to deepen their knowledge of the fundamentals of macroeconomic analysis and to develop their skills in applying theory to macroeconomic problems, using graphical and algebraic analysis combined with intuitive explanation and reasoning. The course includes the supply-side of the economy and the long-run economic growth; the demand side of the economy and the goods market equilibrium; the role and effects of the fiscal policy and the challenges faced by contemporary central banks (including inflation targeting and interest rate policies) in the framework of the IS-MP and the AD-AS models; the problems of inflation and unemployment and their trade-off; the fundamentals and modeling of the open economy macroeconomics. The course is the basis (and the prerequisite) for Macroeconomics 2 and is widely used in subsequent, more specialized economic courses. The course is taught in English. Because students are also studying for Russian degree in Economics, knowing Russian terminology via reading in Russian is also required.

Learning Objectives

to deepen the students’ knowledge of the key macroeconomic terms, concepts and theories
to provide students with the knowledge of basic macroeconomic models, concerning the determinants of the long-run aggregate supply dynamics, as well as the main factors of the short-run aggregate demand fluctuations
to teach students to formulate real world phenomena in the language of macroeconomic modelling using graphic analysis and simple algebra
to expand the students’ ability to apply and to use the main analytical tools and reasoning used in macroeconomics to the analysis of the real world issues in Russia and abroad
to discuss the potential and limitations of macroeconomic models and methods used in macroeconomic analysis
to develop the students’ ability to critically evaluate and justify implications of macroeconomic policies
to enable students to participate in debates on macroeconomic and political matters

Expected Learning Outcomes

define key concepts and describe the models and methods used in macroeconomic analysis;
formulate real world issues in the language of economic modelling;
apply and use the IS-MP, the AD-AS and the Solow models to analyse real world issues;
assess the potential and limitations of the IS-MP, the AD-AS and the Solow models and extend them to evaluate macroeconomic policies in Russia and abroad;

Course Contents

Introduction to Macroeconomics
Economic growth
The Goods market
The Money market
The IS-MP model
Aggregate Demand and Aggregate Supply and the AD-AS model
Inflation
Unemployment
Open economy macroeconomics

Assessment Elements

Home assignments
Individual take home open book problem set that are offered once per week, average mark is included into the final grade.
Midterm
Individual proctored unseen time-pressured closed book written test in the end of March.
Final exam
Students take an unseen closed-book written examination in the 4th module. ICEF examiners are free to set questions on any aspect of the syllabus. They will vary the topics and questions from year to year and may well set questions that have not appeared in past papers. In order to get a passing grade for the course, the student must sit (all parts) of the examination.

Interim Assessment

2025/2026 2nd semester
0.65 * Final exam + 0.06 * Home assignments + 0.29 * Midterm

Bibliography

Recommended Core Bibliography

Economics, Begg, D., 2003

Recommended Additional Bibliography

Advanced macroeconomics, Romer, D., 2012
Blanchard, O., Amighini, A., & Giavazzi, F. (2013). Macroeconomics: A European Perspective (Vol. 2nd ed). Harlow: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1418008
Macroeconomics: imperfections, institutions and policies, Carlin W., Soskice D., 2006

Authors

Matveeva Tatiana Iurevna

Course Syllabus